5858 Nw 62 Ter, Parkland
Broward County Real Estate - Deerfield Beach
Deerfield Beach is in South East Florida. It's population as recorded in the 2010 Census was 75,018.
The median age for residents of Deerfield Beach is 43.3. Around 23% of Deerfield Beach households include school aged children and 36.7% of households include individuals aged 65 years or over. Census records indicate 65.7% of the Deerfield Beach population are White, 25.6% are Black or African American, .2% American Indian, 1.5% Asian and 2.6% are Two or more Races.
There are 42,671 housing units in Deerfield Beach. 9,301 (21.7%) of these were reported as vacant in the 2010 Census. Deerfield Beach is a tourist destination, 63.6% (5,918) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 13,427 residential rental units in Deerfield Beach. 12,013 of them were occupied in 2010 providing a residential rental vacancy rate of 10.2%.
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Broward County
Broward County is part of the southeast Florida region along with Miami-Dade, Indian River, St. Lucie, Martin, Palm Beach, and Monroe counties. Broward County has 29 recognized cities and towns, the largest being Fort Lauderdale, Pembroke Pines, and Hollywood. 95% of the properties in Broward County are residential, implying that it is a largely suburban area. Broward County is centrally located between major metropolitan areas in Miami-Dade and Palm Beach Counties. The county?s population is over 1.5 million, making it the second most populous in Florida.
Broward County identified these industries as focuses for its expansion efforts: advanced materials and High-Tech Manufacturing, aviation/aerospace, international trade, marine industries, and headquarters and management operations. Major private sector employers are American Express, Nova Southeastern University, AutoNation, Kaplan Higher Education, and The Answer Group. Top public employers are Broward County School District, Broward County Government, North Broward Hospital District, Memorial Healthcare System, and the City of Fort Lauderdale.
Port Everglades and Fort Lauderdale-Hollywood International Airport are major contributors to the region?s economy. Port Everglades is the third most trafficked port for cruise passengers in the nation. It is also a major destination for container cargo and imported petroleum. FLL is the 21st-busiest airport in the United States and the Florida Department of Transportation estimates its economic impact at $10.6 billion.
The county seat and largest city, with a population over 165,000, is Fort Lauderdale. The eighth-largest city in the state is a travel destination, especially for LGBT tourists. Fort Lauderdale and the adjacent Wilton Manors are among the most friendly cities to LGBT people and are among the cities with the highest proportions of same-sex couples.
Nova Southeastern University is a major private school located in the suburb of Davie. Broward College has campuses throughout the county. City College and the Art Institute of Fort Lauderdale are located in the city, as are satellite campuses of Florida Atlantic University and Florida International University.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 5814 Nw 62 Ter | Single Family | 2,719 | B |
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| 5896 Nw 62 Ter | Single Family | 6,575 | B |
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| 5780 Nw 62 Ter | Single Family | 5,515 | B |
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| 5912 Nw 62 Ter | Single Family | 3,854 | B |
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| 5847 Nw 62 Ter | Single Family | 2,276 | B |
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| 5809 Nw 62 Ter | Single Family | 3,945 | B |
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| 5895 Nw 62 Ter | Single Family | 4,053 | B |
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| 5758 Nw 62 Ter | Single Family | 5,390 | B |
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| 5958 Nw 62 Ter | Single Family | 6,599 | A |
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| 5919 Nw 62 Ter | Single Family | 3,855 | B |
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| 5749 Nw 62 Ter | Single Family | 10,490 | A |
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Local Household Income
The median household income in this part of Florida is $84,666. The bottom 10% of the population earn less than $25,890 per year. The top 10% earn more than $201,431 per year. The top 1% earn more than $564,745 per year. Most renters earn between $37,260 (20th percentile) and $67,668 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $169,332 and $211,665.
The tax assessed value of this property places it in percentile 97 of all properties in this area. This suggests it would appeal to someone earning around $397,243 per year who should qualify for a mortgage between $794,486 and $993,108.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,411. Most renters earn between $3,105 and $5,639 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $1,044 (20th percentile) to $1,889 (80th percentile) range. The residential vacancy rate is 6%.
This property falls in percentile 97 of all properties in this area. This corresponds to a rent of $3,283 per month and a monthly household income of $9,458 ($113,496 per year)
Nearby Companies
5749 Nw 62 Terrace